The Hang Seng China Enterprises Index has climbed 25% from a low reached in March, while the benchmark CSI 300 Index has rebounded 7%, though the pace of the gains have slowed significantly this week.
Some market watchers caution that any sustained move higher would require further policy support from the authorities, with a lack of follow-through potentially providing investors an excuse to sell into a short-term advance.A front-page editorial piece in the Securities Times on Wednesday said that the government’s “traffic light” mechanism for platform firms may help not only to better regulate the industry but also to “green light” areas that should be supported for development.
China regulators are stepping up efforts to ensure that domestic companies remain listed in New York, asking firms with ADRs to prepare for more audit disclosures, according to a Reuters“The Chinese government is clearly willing to compromise on allowing the to inspect audit working papers of some firms without disclosing sensitive data, and the effort looks serious,” wrote Deutsche Bank AG’s Edison Yu in a note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I appreciate you so much for educating me on how to invest successful,I earn alot through the platform recommend,kindly contact AdamTrey01 and be part of the winning committee
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions BitePresident Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Bonds Extend Drop After Fed Sparks One of Worst Days in DecadeThe U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Rallies as EU Debates Possible Ban on Russian Crude ImportsOil surged for a fourth day, heading for the best run in a month, on signs the European Union may be edging closer to a ban on Russian crude imports to punish Moscow for its invasion of Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tesla’s First German-Made Model Y Rollout Has Musk Dancing AgainAlmost 19 years after its founding, Tesla Inc. has a car factory network that spans the globe.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Nigeria Opens Africa’s Largest Fertiliser Plant Amid Price SurgeNigeria plans to become a net exporter of fertiliser after commissioning the world’s second-biggest urea plant.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Climbs as NATO, EU Summits Raise Specter of New Russia CurbsOil pushed higher ahead of a flurry of high-level diplomatic activity over the month-old war in Ukraine that may see fresh curbs on Russia. Spectre, people. Spectre. Bloomberg might use American spelling but you don’t have to! I appreciate you so much for educating me on how to invest successful,I earn alot through the platform recommend,kindly contact AdamTrey01 and be part of the winning committee
Source: dailymaverick - 🏆 3. / 84 Read more »